Closing changes on the day: STOXX 600 +0.3% German DAX, -0.1% France’s CAC +0.1% UK’s FTSE 100 +0.1% Spain’s IBEX +0.25% Italy’s FTSE MIB +0.5% On the week: STOXX 600 +0.9 German DAX, +1.2% France’s CAC +0.7% UK’s FTSE 100 +0.7% Spain’s IBEX +0.6% Italy’s FTSE MIB +1.2% There weren’t any fireworks in European stock markets this week but…
The Mexican Peso extends its gains against the US Dollar as markets adopt a ‘risk-on’ sentiment following the easing of US-China tensions. USD/MXN remains in a short-term bearish trend below 19.20. US-Mexico tensions remain in focus next week as Mexico condemns 50% tariffs on steel and aluminium imports to the US. The Mexican Peso (MXN) is experiencing its third…
I’m open to two vastly diverging views here: 1) Debt and deficits don’t matter because of AI The view is that AI will make people so productive and efficient that government debt won’t be a problem. It’s a positive take on progress in a world that’s now seen many generations of positive impacts from technology. 2) We’re monetizing The…
XAU/USD falls after strong NFP data cuts rate cut hopes, but holds weekly gain above 1.30%. US adds 139K jobs in May; Unemployment Rate steady at 4.2%, boosting US Dollar and Treasury yields. Fed cut expectations fade as traders reassess outlook ahead of June 17–18 FOMC meeting. Gold price extended its losses for the second consecutive day on Friday…
Philly Fed President Patrick Harker was a model central banker. He never made waves, was thoughtful and always professional. He’s retiring at month-end and is out with some comments: It’s still possible the Fed can cut later this year Uncertainties make it very hard to divine monetary policy outlook Worries that the quality of economic data is eroding We’re…
Euro failed to capitalize on upbeat GDP and retail sales; ECB rate cut seen as nearing its limit. The US economy added 139K jobs in May, the second-highest in 2025, with the jobless rate steady at 4.2%. Hot labor data boosted US Dollar and Treasury yields, dampening Fed rate cut hopes. EUR/USD trip down extends its losses on Friday…
Today’s US jobs report calmed nerves but there are still some dark clouds on the horizon. Business Insider today reports that Amazon has frozen its hiring budget for its main retail business, citing internal emails. The changes only apply to corporate employees, not those working in warehouses or the cloud computing division. However it does apply to Amazon’s online…
The Canadian Dollar firmed up on Friday, but Greenback flows rallied harder, driving a rebound in USD/CAD. US NFP net job gains came in stronger than expected, overshadowing Canadian job numbers. Key post-tariff US CPI inflation figures loom large next week; Canadian data docket runs out of gas. The Canadian Dollar (CAD) saw firm gains in employment figures on…
2025.06.06 2025.06.06 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 06.06.2025 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: The price is expected to decline in the final part of the correction. The recommendation is to open short positions…
USD/JPY daily Nomura is outlining a bearish scenario for USD/JPY in a Friday note. They say the pair could fall to 136 from 144.92 currently by the end of September as Japanese investors repatriate and Washington leans on Tokyo to strengthen the yen. Another factor is a hawkish Bank of Japan and rising local yields, which could “encourage domestic…
